$LINK Price Surges as Fidelity Launches Tokenized Liquidity Fund with Chainlink Infrastructure

Chainlink has made significant strides in gaining institutional attention after Fidelity International launched its tokenized liquidity fund using Chainlink's blockchain infrastructure. The Fidelity USD Digital Liquidity Fund, known as FILQ, was recently announced and received a AAA-mf assessment from Moody's Ratings.

The fund is designed for international investors and is not available to U.S. persons or those in jurisdictions where access would violate local law or regulation. Chainlink will provide on-chain net asset value and distribution data for FILQ, while JPMorgan will supply approved daily NAV data.